Chancellor responds to Public sector finances statistics

Public sector finances, UK: July 2026

Chancellor of the Exchequer, John Healey said:

Fiscal discipline is the bedrock of our UK economic stability and national security which is why we are committed to meeting our fiscal rules, with a buffer against global uncertainties. 

We are cutting the deficit faster than any other G7 economy, while giving people a bit of breathing space with cost of living pressures and focusing support to get young people into work.